Sunday, February 24, 2019

Note disclosures for long-term debt generally include all of the following except

Note disclosures for long-term debt generally include all of the following except



a. assets pledged as security.
b. call provisions and conversion privileges.
c. restrictions imposed by the creditor.
d. names of specific creditors.


Answer: names of specific creditors

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Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will the purchase of inventory with cash affect each ratio?

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